Lexington Realty Trust (LXP) Cut to Strong Sell at ValuEngine

ValuEngine downgraded shares of Lexington Realty Trust (NYSE:LXP) from a sell rating to a strong sell rating in a research note published on Wednesday morning.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group reaffirmed a hold rating and set a $9.00 price objective on shares of Lexington Realty Trust in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Lexington Realty Trust from a sell rating to a hold rating in a research note on Saturday, August 11th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company has a consensus rating of Hold and an average price target of $9.39.

Shares of NYSE LXP opened at $8.19 on Wednesday. The company has a market cap of $1.95 billion, a PE ratio of 8.05, a PEG ratio of 1.86 and a beta of 0.81. Lexington Realty Trust has a 12 month low of $7.59 and a 12 month high of $10.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.14 and a current ratio of 0.14.

Lexington Realty Trust (NYSE:LXP) last issued its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.25). The firm had revenue of $105.50 million for the quarter, compared to analyst estimates of $101.91 million. Lexington Realty Trust had a return on equity of 1.69% and a net margin of 4.99%. Lexington Realty Trust’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. analysts forecast that Lexington Realty Trust will post 0.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.1775 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 8.67%. Lexington Realty Trust’s payout ratio is 73.20%.

Institutional investors have recently added to or reduced their stakes in the stock. Family Management Corp acquired a new stake in Lexington Realty Trust in the 2nd quarter valued at $109,000. Canandaigua National Bank & Trust Co. acquired a new stake in Lexington Realty Trust in the 1st quarter valued at $112,000. Wedbush Securities Inc. acquired a new stake in Lexington Realty Trust in the 2nd quarter valued at $117,000. Paloma Partners Management Co acquired a new stake in Lexington Realty Trust in the 2nd quarter valued at $122,000. Finally, Financial Counselors Inc. acquired a new stake in Lexington Realty Trust in the 2nd quarter valued at $140,000. 73.50% of the stock is currently owned by hedge funds and other institutional investors.

About Lexington Realty Trust

Lexington Realty Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.

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Analyst Recommendations for Lexington Realty Trust (NYSE:LXP)

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